Roberto Colaninno , Chairman and CEO of the Piaggio Group , announced : " The Piaggio Group closed the seventh consecutive quarter of growth - recording the best results ever . " As at 30th June , turnover increased by over 11 %, exceeding € 1bn , Ebitda stood at 191.2m , with an incidence on revenues of 16.3 %, and net profit reached the highest result ever in the six months , reaching € 64.8m . " For the remaining part of the year , we will apply the management productivity system in all plants , which has allowed us to achieve higher margins without a substantial increase in prices . We will continue to carry out the investments envisaged in our strategic plans on electric mobility and ESG issues ." The Piaggio Group had sold a total of 324,600 vehicles worldwide ( 320,600 in the first half of 2022 ), up 1.2 %, recording consolidated revenues of € 1,172m (€ 1,053.1m at 30th June 2022 ). Growth in volumes in the EMEA & Americas areas more than compensated for a slight decline in the Asian markets . In Two-Wheel sector terms , the Group had sold 267,400 two-wheeler vehicles worldwide ( -1.5 % compared to the 271,600 vehicles sold in the first |
half of 2022 ), but the different product mix made it possible to achieve net revenues up by + 9.2 % , settling at € 956.1m ( compared to € 875.8m as at 30th June 2022 ). " The turnover generated by twowheelers in the first half of 2023 was particularly strong in the EMEA & Americas area (+ 15.1 %), with particular evidence of the very positive performance of the Italian market (+ 30 %), followed by the American (+ 9.2 %). " In Europe , the Piaggio Group increased its share of the scooter
segment , equal to 23.3 % of the total market ( 22.6 % in the first half of 2022 ), while on the North American scooter market it stood at a share of
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29.3 %. In North America , the Group is also committed to consolidating its presence in the motorcycle segment , through the Aprilia and Moto Guzzi brands . " The scooter sector saw a global increase in turnover of 12.2 %, driven in particular by the Piaggio Beverly , Medley and Liberty high-wheel scooters and the Piaggio MP3 threewheeler , which recorded an overall increase in revenues of almost 50 % and by the Vespa brand , which recorded an increase of over 10 %. " In the motorcycle sector , we note the strong performance of Moto Guzzi , which recorded revenues up by around 30 %, driven also by the new Moto Guzzi V100 Mandello , while at Aprilia , sales in the first half-year were sustained in particular by the supersports bike RSV4 , of the Aprilia RS 660 , Tuono 660 and 1100 , and of the Tuareg 600 , which also achieved important results in competitions dedicated to the rally world ". In terms of the Piaggio Group ' s Commercial Vehicles operations , the first half of 2023 saw the Piaggio |
Group sell 57,100 units , up by 16.6 % ( 49,000 in 2022 ), achieving net revenues of € 215.9m , up by 21 . 8 % (€ 177.3m in 2022 ). " Geographically , the Indian market regained strength , recording sales of commercial vehicles up by 34.7 % and volumes up by 20 %. The EMEA and Americas areas as a whole recorded a turnover growth of + 2 %". Piaggio Fast Forward ( PFF ), the Piaggio Group company based in Boston focused on robotics and future mobility , continues sales of the gita land drone and the new gitamini robot . They are produced in the Piaggio Fast Forward plant located in the Charlestown district of Boston . " The marketing of robots foresees a first phase dedicated to the U . S . market , where the circulation of robots on city streets is already regulated . " PFF has designed and developed sensors with an innovative technology that made their debut on the new Piaggio MP3 three-wheeled scooter , capable of offering unparalleled safety . Indeed , thanks to the integration of advanced driver assistance systems ( ARAS ), the new radars play a fundamental role in the prevention of accidents and in the protection of motorcyclists ". |